What is the Kraken?

Seattle announced the name of its new National Hockey League expansion team today. It’s the Kraken. NHL fans may be wondering: What the hell is that? Here’s an explainer to help you get crackin’. What does it mean? It’s a “ffabulous Scandinavian sea monster,” according to Merriam-Webster. The word is Norwegian in origin.

Who can use Kraken pro?

Anyone with an active Kraken account can use Kraken Pro. Possibly more important than the advanced interface is lower fees. If you make the same trade with Kraken Pro instead of Kraken, you’ll pay less than using the main interface. Pricing and fees vary depending on the platform you’re using and the trade you’re entering.

Does Kraken offer a'staking service'?

According to the SEC’s complaint, since 2019, Kraken has offered and sold its crypto asset “staking services” to the general public, whereby Kraken pools certain crypto assets transferred by investors and stakes them on behalf of those investors.

What currencies does Kraken support?

Kraken also supports a handful of stablecoins including Tether USD, USD Coin, and Dai. Eight fiat currencies are supported including USD, EUR, and GBP. Note that not all currencies are available in every country. Kraken offers two trading platforms to users, Kraken and Kraken Pro.